Set your DVRs, everyone. This is fun: Best friends Sarah Nowak and Chauncey Pham are putting their house-reviving skills to good use on TV in a Dallas adaptation of A&E's hit show, “Zombie House Flipping.” The show, originally centered around a team of Orlando-based home flippers, is already airing its fifth season on A&E's hit show Home.Made.Nation and will introduce a new Tampa resale team and a mix of Dallas experts. Nowak and Pham's show debut is scheduled for Saturday, January 28 at 10 a.m. Nowak, a seasoned stager and interior designer, and Pham, an agent-broker and owner of Family…
Author: Private Lending Agent
Over the past year, nine new commercial developments and corresponding retail properties have entered the market in Phnom Penh, bringing the total retail space in the city to 613,000 square metres. These commercial developments include the entry of 99 globally popular brands, including H&M, OVS, GNC and Routine. New malls such as AEON Mall 3 along Hun Sen Street, Chip Mong 271 Megamall and several community malls also opened last year. In total, the new projects have increased retail space in the city by more than 200,000 square metres. In 2019, the last year before the pandemic, retail space increased…
Below are the real estate statistics for December 2022. Specifically, we look at the median sales price, total sales, months of inventory, and number of closed sales. Let's look at the percentage change from December 2021 to December 2022. Simply put, prices have gone from flat to rising, inventory has increased by several months, and sales have decreased. December 2022 Longboat Key Real Estate Statistics Longboat Key Median sales price was $910,000, up 4%, revenue was $35.7 million, down 41%, months in inventory was 5 months, up 200%, and number of sales was 27, down 46%. Active Longboat Key List…
This article on changes to condo reserves in Florida was recently published. In May 2022, Governor Ron DeSantis passed a new law designed to protect condo owners after the collapse of the Surfside Condominium Building. The law sets statewide standards for more frequent inspections and requires condo boards to set aside funds for essential repairs. The new law affects condo projects that are over 25 years old, requires structural inspections and structural reserve studies for condo projects over three stories, and will no longer be able to partially fund reserves. But while the new law was born out of good…
Below is an article from Forbes magazine that made a list of the best places to live in Florida. Here is a link to the original article. Best places to live in Florida in 2023 Florida has long been a popular destination for retirees, but in recent years, working families have been flocking to the state due to strong job opportunities, a relatively low cost of living and no state income tax, not to mention mild winters and 825 miles of beaches along the Atlantic Ocean and Gulf of Mexico on the peninsula and southern part of the state. If…
According to Chea Buti, deputy secretary-general of the Council for the Development of Cambodia (CDC), Cambodia expects to see an increase in foreign investment from Japan as major garment companies relocate to the country as manufacturing and sourcing bases. This is due to “rising labor costs and the Chinese government's zero-COVID policy,” Vuthy said, adding that Southeast Asian and neighboring countries such as Vietnam, Bangladesh and Indonesia are also benefiting from the change. While the labor cost for an average factory worker in Guangzhou, China, reaches about $670 a month, the minimum wage in the same sector in Cambodia is…
There are many types of commercial businesses that prioritize accommodation, but two that top the list of options you can invest in are hostels and hotels. Both have many advantages for investors, but how do you know which one is the right business to invest in? You can't just set up one business and quickly change it to another as it takes time and money, so you need to decide properly in advance whether you want to invest in a hotel or a hostel.To make it more convenient for you, we have compiled a list of the benefits of investing…
WINSTON-SALEM, N.C. (WGHP) – Metro Winston-Salem was one of the most active markets in the country for home flipping (buying a home, renovating it and selling it quickly) in the third quarter of this year, according to a new report. Resales accounted for 12.7% of all home and condo sales in the three months ended Sept. 30, ranking Winston-Salem fourth, according to ATTOM, a California real estate data collection company. Among metro areas with populations of 200,000 or more that saw 50 resales during the quarter, only Phoenix (13.7%), Spartanburg, South Carolina (13.3%) and Atlanta (12.9%) were more active than…
As the housing market cools rapidly, it's becoming harder for home flippers to make a quick profit.In the third quarter, gross resale profits — the difference between the median purchase price paid by investors and the median resale price — fell to $62,000, down 18.4% from the second quarter and 11.4% from the same period last year, according to real estate data provider ATTOM. That's the smallest profit since the end of 2019 and the biggest quarterly decline since 2009.The decline in gross margins has pushed return on investment down to 25% from 30% last quarter. Not bad, but not…
The decline in gross margins has pushed return on investment down to 25% from 30% last quarter. Not bad, but not as good as it was before. Still, ATTOM points out that the issue isn't the size of the margins, but how quickly they are declining. Resales as a share of home sales also fell as profits shrunk and rising mortgage rates hurt potential buyers' ability to purchase homes. Resales accounted for about 7.5% of home sales in the third quarter, still a record high but down from 8.2% in the second quarter. Resales, defined as homes bought and sold…